Are You Cut Out To Be A CEO?
It takes a special kind of person to become a top CEO, but what is the magic formula? This infographic explores the education backgrounds, the experience levels and the personal characteristics that shape the CEOs of the world today – while providing a glimpse at what the future holds for the CEO of tomorrow. Related: 5 Things To Consider Before You Take That Management Job While many of the world’s most famous CEOs, like Richard Branson and Mark Zuckerberg, are renowned for not having finished third level education an overwhelming majority of CEOs (97%) have a bachelor’s degree. Three in ten CEOs have an MBA, whereas only 2.4% of CEOs have no degree. When it comes to producing CEOs, Harvard takes top spot, with 65 of the Fortune 500 CEOs having matriculated. While many CEOs have varying educational backgrounds their personality traits tend to fall into line. Most CEOs are classified as good communicators, calculated risk takers, shrewd deal makers, and extroverts who are innovative, have vision and command respect. Overwhelmingly CEOs tend to be male. Today, there are only 24 female CEOs in the Fortune 500 and 27 in the Fortune 1000, meaning that women make up under 5% of all CEOs. Current trends provide us with a glimpse of the CEO of the future. Today, three in five college students in the United States are women, and 40% of MBA students are female. Industry experts view this as an indicator that increasingly women are going to step into CEO roles with more frequency in the future. It is expected that by 2040 three in ten CEOs will be women. While the closing of the gender gap will be a major feature of the CEO of tomorrow, there are other assets that future CEOs will possess that will set them apart from CEOs of today. A much deeper knowledge of technology will be required, and the CEO of the future will be more connected than ever before. Transparency has become a major issue in business, and the CEO of the future will be held to high level of accountability. Additionally, the young workforce of today is more connect, varied and innovative than ever before. Future CEOs will have a much boarder range of both work and life experience, and will have substantial experience working in virtual teams. This is a guest post.